Analyze the financial statements of the company to you in terms of: 1) Liquidity  2) Solvency 3) Asset management 4) Debt management 5) Profitability 2020 Analysis BUT also compare with 2018 - 2019. Please show your solution on computation.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Analyze the financial statements of the company to you in terms of:
1) Liquidity 
2) Solvency
3) Asset management
4) Debt management
5) Profitability

2020 Analysis BUT also compare with 2018 - 2019.

Please show your solution on computation. 

Starbucks Corporation (SBUX) financial statements (2021 and earlier)
Company profile
РО ВОХ 34067
Business Address
SEATTLE, WA 98124-1067
State of Incorp.
WA
Fiscal Year End
September 30
SIC
581 - Eating And Drinking Places (benchmarking)
More info
Complete financial analysis
Financial benchmarking
Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly
12/31/2020
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
TTM
ASSETS
Current Assets
Cash, cash equivalents, and short-term
5,264
4,632
2,757
8,938
2,691
2,263
1,611
investments
Cash and cash equivalents
5,028
4,351
2,687
8,756
2,462
2,129
1,530
Short-term investments
236
281
71
182
229
134
81
Receivables
1,221
1,269
1,020
1,649
925
825
756
Inventory, net of allowances, customer
advances and progress billings
1,472
1,551
1,529
1,401
1,364
1,379
1,306
Inventory
1,472
1,551
1,529
1,401
1,364
1,379
1,306
Prepaid expense
253
228
347
507
Deferred tax assets
382
Other undisclosed current assets
149
126
304
294
298
Total current assets:
8,358
7,806
5,654
12,494
5,283
4,761
4,353
Noncurrent Assets
Operating lease, right-of-use asset
8,199
8,134
Property, plant and equipment
6,178
6,241
6,432
5,929
4,920
4,534
4,088
Long-term investments and receivables
426
336
335
1,024
1,496
665
Long-term investments
426
336
335
1,024
1,496
665
Intangible assets, net (including goodwill)
4,213
4,149
4,273
4,584
1,981
2,236
2,096
Goodwill
3,707
3,597
3,491
3,542
1,539
1,720
1,575
Intangible assets, net (excluding goodwill)
506
552
782
1,042
441
516
520
Other noncurrent assets
541
569
480
412
363
418
416
Deferred tax assets, net
135
795
885
829
Other undisclosed noncurrent assets
2,479
2,048
2,046
268
Total noncurrent assets:
21,611
21,568
13,566
11,662
9,082
9,569
8,093
TOTAL ASSETS:
29,968
29,375
19,220
24,156
14,366
14,330
12,446
Transcribed Image Text:Starbucks Corporation (SBUX) financial statements (2021 and earlier) Company profile РО ВОХ 34067 Business Address SEATTLE, WA 98124-1067 State of Incorp. WA Fiscal Year End September 30 SIC 581 - Eating And Drinking Places (benchmarking) More info Complete financial analysis Financial benchmarking Balance sheet (Statement of financial position) ($ in millions) Annual | Quarterly 12/31/2020 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015 TTM ASSETS Current Assets Cash, cash equivalents, and short-term 5,264 4,632 2,757 8,938 2,691 2,263 1,611 investments Cash and cash equivalents 5,028 4,351 2,687 8,756 2,462 2,129 1,530 Short-term investments 236 281 71 182 229 134 81 Receivables 1,221 1,269 1,020 1,649 925 825 756 Inventory, net of allowances, customer advances and progress billings 1,472 1,551 1,529 1,401 1,364 1,379 1,306 Inventory 1,472 1,551 1,529 1,401 1,364 1,379 1,306 Prepaid expense 253 228 347 507 Deferred tax assets 382 Other undisclosed current assets 149 126 304 294 298 Total current assets: 8,358 7,806 5,654 12,494 5,283 4,761 4,353 Noncurrent Assets Operating lease, right-of-use asset 8,199 8,134 Property, plant and equipment 6,178 6,241 6,432 5,929 4,920 4,534 4,088 Long-term investments and receivables 426 336 335 1,024 1,496 665 Long-term investments 426 336 335 1,024 1,496 665 Intangible assets, net (including goodwill) 4,213 4,149 4,273 4,584 1,981 2,236 2,096 Goodwill 3,707 3,597 3,491 3,542 1,539 1,720 1,575 Intangible assets, net (excluding goodwill) 506 552 782 1,042 441 516 520 Other noncurrent assets 541 569 480 412 363 418 416 Deferred tax assets, net 135 795 885 829 Other undisclosed noncurrent assets 2,479 2,048 2,046 268 Total noncurrent assets: 21,611 21,568 13,566 11,662 9,082 9,569 8,093 TOTAL ASSETS: 29,968 29,375 19,220 24,156 14,366 14,330 12,446
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities
3,503
2,953
4,900
3,478
2,717
2,730
3,523
Accounts payable
1,051
998
1,190
1,179
783
731
684
Accrued liabilities
1,617
1,161
1,754
2,298
1,935
1,999
1,761
Employee-related liabilities
685
696
665
522
Taxes payable
150
98
1,292
259
Interest and dividends payable
297
Deferred revenue
1,871
1,457
1,269
Debt
1,243
1,689
350
400
Deferred compensation liability
91
102
98
Self insurance reserve
214
215
246
225
Deferred revenue and credits
1,289
1,171
984
Deferred tax liabilities
5
Other undisclosed current liabilities
1,268
1,157
1,541
(1,182)
Total current liabilities:
7,884
7,347
6,169
5,684
4,221
4,547
3,654
Noncurrent Liabilities
Long-term debt and lease obligation
22,428
22,321
11,167
9,090
3,933
3,202
2,348
Long-term debt, excluding current
14,674
14,660
11,167
9,090
3,933
3,202
2,348
maturities
Operating lease, liability
7,755
7,662
Liabilities, other than long-term debt
6,630
6,745
6,852
314
755
690
753
Deferred revenue
6,598
6,599
6,744
Asset retirement obligations
111
96
82
60
Deferred tax liabilities, net
270
68
Other liabilities
755
690
625
Derivative instruments and hedges,
33
36
12
(39)
liabilities
Other undisclosed noncurrent liabilities
930
761
1,263
7,893
(128)
Total noncurrent liabilities:
29,989
29,827
19,282
17,296
4,688
3,892
2,973
Total liabilities:
37,872
37,174
25,451
22,981
8,909
8,439
6,626
Stockholders' equity
Stockholders' equity attributable to parent,
including:
(7,910)
(7,805)
(6,232)
1,170
5,450
5,884
5,818
Common stock
1
1
1
1
1
Additional paid in capital
489
374
41
41
41
41
41
Accumulated other comprehensive loss
(146)
(365)
(503)
(330)
(156)
(108)
(199)
Retained earnings (accumulated deficit)
(8,254)
(7,816)
(5,771)
1,457
5,563
5,950
5,975
Other additional capital
39
Other undisclosed stockholders' equity
attributable to parent
(39)
Stockholders' equity attributable to
6
6
1
6
7
noncontrolling interest
Total stockholders' equity:
(7,904)
(7,799)
(6,231)
1,176
5,457
5,891
5,820
TOTAL LIABILITIES AND EQUITY:
29,968
29,375
19,220
24,156
14,366
14,330
12,446
Transcribed Image Text:LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts payable and accrued liabilities 3,503 2,953 4,900 3,478 2,717 2,730 3,523 Accounts payable 1,051 998 1,190 1,179 783 731 684 Accrued liabilities 1,617 1,161 1,754 2,298 1,935 1,999 1,761 Employee-related liabilities 685 696 665 522 Taxes payable 150 98 1,292 259 Interest and dividends payable 297 Deferred revenue 1,871 1,457 1,269 Debt 1,243 1,689 350 400 Deferred compensation liability 91 102 98 Self insurance reserve 214 215 246 225 Deferred revenue and credits 1,289 1,171 984 Deferred tax liabilities 5 Other undisclosed current liabilities 1,268 1,157 1,541 (1,182) Total current liabilities: 7,884 7,347 6,169 5,684 4,221 4,547 3,654 Noncurrent Liabilities Long-term debt and lease obligation 22,428 22,321 11,167 9,090 3,933 3,202 2,348 Long-term debt, excluding current 14,674 14,660 11,167 9,090 3,933 3,202 2,348 maturities Operating lease, liability 7,755 7,662 Liabilities, other than long-term debt 6,630 6,745 6,852 314 755 690 753 Deferred revenue 6,598 6,599 6,744 Asset retirement obligations 111 96 82 60 Deferred tax liabilities, net 270 68 Other liabilities 755 690 625 Derivative instruments and hedges, 33 36 12 (39) liabilities Other undisclosed noncurrent liabilities 930 761 1,263 7,893 (128) Total noncurrent liabilities: 29,989 29,827 19,282 17,296 4,688 3,892 2,973 Total liabilities: 37,872 37,174 25,451 22,981 8,909 8,439 6,626 Stockholders' equity Stockholders' equity attributable to parent, including: (7,910) (7,805) (6,232) 1,170 5,450 5,884 5,818 Common stock 1 1 1 1 1 Additional paid in capital 489 374 41 41 41 41 41 Accumulated other comprehensive loss (146) (365) (503) (330) (156) (108) (199) Retained earnings (accumulated deficit) (8,254) (7,816) (5,771) 1,457 5,563 5,950 5,975 Other additional capital 39 Other undisclosed stockholders' equity attributable to parent (39) Stockholders' equity attributable to 6 6 1 6 7 noncontrolling interest Total stockholders' equity: (7,904) (7,799) (6,231) 1,176 5,457 5,891 5,820 TOTAL LIABILITIES AND EQUITY: 29,968 29,375 19,220 24,156 14,366 14,330 12,446
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